$72 Billion in Treasury Notes on Sale Next Week

The US Treasury will sell another $72 billion in debt next week. The total amount is consistent with the quarterly refunding auction size in effect since November 2010.

The Treasury will auction $32 billion in 3-year notes, $24 billion in 5-year notes, and $16 billion in 30-year bonds. Proceeds will be split between repaying maturing securities, $49.6 billion, and raising about $22.4 billion in new cash.

MarketWatch notes that the Treasury will decide in May whether or not to issue floating-rate notes and would also decide whether or not to allow negative-rate bidding in Treasury bill auctions.